Hexa Reports

Market Research Reports and Insightful Company Profiles

Global Nitric Acid Market Size, Regional Outlook,

Application Analysis, Competitive Insights and
Forecasts, 2013 - 2019

According to the research study by Hexa research, Global Nitric Acid industry is estimated to see
significant growth in the forecast period. Due to large scale use of chemicals and fertilizers this industry
is expected to boom rapidly in the global market. With the growing demand of Ammonium nitrate
fertilizers for agricultural use, it has become the key factor for industrial growth. Growth of chemical
making industries, especially in emerging regions like China and India, it is further expected to increase
more demand of nitric acid market in next five years. Asia Pacific was the largest market for nitric acid in
2012-2013 with strong and impactful presence of fertilizers industries in that region. North America and
Europe are estimated to witness loss of market share by over 2.1% in the forecast period. Asia Pacific is
likely to experience high growth with CAGR of 2.8% from 2015 to 2022. Ammonium nitrate contributes
being the largest application segment over the years and also in upcoming years owing the increasing
demand in agricultural field and lack of rule and regulations of the use of nitrate fertilizer in India and
China. Central and Eastern Europe has dominated the Nitric acid industry globally with market demand
over 20 million tons in 2014.
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Hexa Research also stated that, Adipic acid, key application of Nitric acid is contributing for 2,280 Kilo
tons in global market. Nitric acid consumed for ammonium nitrate production is used as a intermediate
for manufacturing of fertilizers or 80% of it is used a fertilizer. Nitric acid industry is stated by its major
Players including Dow Chemical Company and BASF SE. Koch Nitrogen Company and Agrium are
involved in manufacturing ammonium nitrate and ammonia which is nitrogen based fertilizers.
Automobile, construction, furniture and chemical industries being the key factor involving nitric acid
Market growth.

Hexa Reports
Market Research Reports and Insightful Company Profiles
Table Of Content
Chapter 1 Executive Summary
Chapter 2 Nitric Acid Market Analysis
2.1 Market Segmentation
2.2 Value Chain Analysis
2.3 Market Drivers & Restraints
2.4 Nitric Acid Porters Analysis
2.5 Nitric Acid SWOT Analysis
2.6 Nitric Acid - Company Market Share Analysis
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Chapter 3 Nitric Acid Market Size, By Application
3.1 Aluminum Nitrate
3.2 Chemical
3.3. Explosives
3.4 Others
Chapter 4 Nitric Acid Market Size, By Region
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Key Company Profiles
5.1 Agrium
5.2 Apache Nitrogen Products
5.3 BayerMaterialScience
5.4 Cherokee Nitrogen
5.5 Coffeyville Resources
5.6 DuPont
5.7 Hercules
5.8 LyondellBasell
5.9 PCS Nitrogen
5.10 Terra Industries
Chapter 6 Research Methodology and Scope
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Hexa Reports
Market Research Reports and Insightful Company Profiles
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